aa will put $30 million into the profit sharing pot from the 'confidential' settlement it reached with boeing for 2019 pre-tax income losses.
let's see..aa's profit sharing is currently at 5% of pre-tax income. if aa claims that it lost out on $600 million in 2019 income from the 737max groundings, the figure is about right. nothing more, nothing less.
my guess is that other tens of millions of the settlement will be given to pilots and F/As to make up for their 2019 income losses. could be used as a carrot for those respective contracts.
we'll get further clarification in a few weeks when 4q19/full year 2019 earnings come out, including the total for profit sharing to be given to us in march.